HomeMarket NewsAnalysts Tout 3 Energy Stocks with Robust Dividend Yields - A Beacon...

Analysts Tout 3 Energy Stocks with Robust Dividend Yields – A Beacon Amidst Market Turbulence

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In times of volatility, investors often seek solace in dividend-yielding stocks. These stalwarts, known for their generous payouts, are like steadfast companions amidst choppy seas.


For discerning investors, Benzinga’s Analyst Stock Ratings page is a treasure trove of insights. Here, a collection of Wall Street’s most accurate analysts shines a light on three standout energy stocks, each boasting over 5% dividend yields.


Let’s delve into the endorsements by top analysts for these high-yielding energy stocks.


Nordic American Tankers Limited NAT


  • Dividend Yield: 12.21%
  • Jefferies analyst Omar Nokta reiterated a Buy rating with a price target of $5.5 on Feb. 29, 2024. Nokta boasts an impressive accuracy rate of 73%.
  • B. Riley Securities analyst Liam Burke maintained a Buy rating and raised the price target from $5.5 to $6 on Aug. 29, 2023. Burke commands a 65% accuracy rate.
  • Recent Developments: On Feb. 29, Nordic American Tankers reported quarterly results that fell short of expectations.


Kimbell Royalty Partners, LP KRP


  • Dividend Yield: 10.80%
  • Raymond James analyst John Freeman reiterated a Strong Buy rating and adjusted the price target from $22 to $20 on Jan. 24, 2024. Freeman’s precision stands at 80%.
  • Keybanc analyst Tim Rezvan upheld an Overweight rating and revised the price target from $21 to $20 on Jan. 11, 2024. Rezvan delivers with a 62% accuracy rate.
  • Recent Developments: Kimbell Royalty Partners announced the forthcoming release of its Q1 2024 financial results on May 2, 2024.


Ardmore Shipping Corporation ASC


  • Dividend Yield: 5.14%
  • Stifel analyst Benjamin Nolan reaffirmed a Buy rating and upped the price target from $20 to $21 on Feb. 16, 2024. Nolan maintains an accuracy rate of 73%.
  • Jefferies analyst Omar Nokta reiterated a Buy rating with a price target of $20 on Feb. 15, 2024. Nokta maintains an impressive accuracy rate of 73%.
  • Recent Developments: On March 15, Ardmore Shipping disclosed the filing of its 2023 annual report on Form 20-F.


 


Read More: Top 5 Consumer Stocks That May Crash This Month



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